Third Generation Financial Services Surveillance
Financial services surveillance is entering its third generation of technological evolution. For many firms, surveillance is a burdensome task that consumes resources and increases costs. This is often due to the reliance on old lexicons that fail to keep pace with new and rapidly changing demands, which results in returning an overwhelming amount of false positives. The situation is further complicated by new communications technologies such as those embodied in social media networking sites.
Other companies seek to expand the focus of their communications surveillance to help protect their organization from new and different threats. The introduction of new expectations in the Dodd-Frank Financial Reform and Consumer Protection Act is just one example of widespread impact of legislation on the industry.
In order to better protect themselves, firms need to revise or replace their existing surveillance solutions to meet heightened demands for greater control of risk with improved surveillance solutions.
Companies need to find new solutions for the following three aspects of communications surveillance:
- Lexicon Development and Enhancement: improve lexicon performance
- Surveillance Performance Improvement: improve overall system performance
- Surveillance Evaluation: evaluate new or existing solutions to ensure they will meet your needs
H5 has created a suite of solutions to help address these needs. For more information email enterprisesales@h5.com or call (908) 812-5000.
Who Benefits from H5 Financial Services Capabilities?
Banks Broker-Dealers Regulators Insurance Companies Hedge Funds Investment Companies Investment Advisors Limited Investment Partnerships